Tax appeals stand abated upon NCLT approval of a resolution plan under IBC

Orchid Chemicals & Pharmaceuticals Ltd. Vs Commissioner of GST & Central Excise (CESTAT Chennai) The case of Orchid Chemicals & Pharmaceuticals Ltd. vs. Commissioner of GST & Central Excise was brought before the Customs, Excise, and Service Tax Appellate Tribunal (CESTAT) Chennai, challenging an Order-in-Original dated August 8, 2014. The appellant’s legal representative presented a copy of the Resolution Plan, which had been approved by the National Company Law Tribunal (NCLT) and subsequently upheld by the Supreme Court. The tribunal reviewed similar precedents, includ...